Geneva, Switzerland – October 23, 2024: – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity and Internet of Things (IoT) innovations operating as a holding company, today announced that it has signed Convertible Notes Subscription Agreements (“Agreements”) for up to $30 million, via private placements with a select group of institutional investors (the “Investors”).

Under terms of the Agreements, WISeKey will initially issue convertible notes in the aggregate principal amount of $2,500,000 for subscription by the Investors. WISeKey has the right to request the Investors to subscribe for additional tranches, each additional tranche will be in the aggregate principal total amount of $1,250,000 per Investor, at the date and time determined by WISeKey, subject to certain cool-down and volume-related criteria. Each of the convertible notes under the Agreements has a maturity date of 12 months after the relevant issue date and is convertible at any time at the election of the Investors into WISeKey Class B Shares. The conversion price under the Agreements is equal to the lower of a fixed conversion price as determined in the Agreements and 94% of the lowest daily VWAPs of one Class B Share, as applicable, during the ten (10) consecutive trading days preceding the relevant conversion date.

Carlos Moreira, Founder and CEO of WISeKey noted, “This new funding provides WISeKey with flexible financing at a competitive cost, which is particularly valuable in the current market environment. It enables us to continue funding the growth and development of our core cybersecurity business and strategic initiatives at each of our subsidiaries. Specifically, WISeSat.Space remains focused on key projects, including the deployment of a low-orbit satellite constellation by 2027 by leveraging cutting-edge technological innovations, and SEALSQ is on track to launch its next-generation post-quantum semiconductors in 2025. Additionally, this financing will support our ongoing work on SEALCOIN, with a second Proof of Concept set for January 2025, which will demonstrate the transfer of tokens via satellite to IoT devices thus accelerating the token’s broader availability on digital exchanges in 2025.” 

Maxim Group LLC served as the sole placement agent for these private placements.

About WISeKey
WISeKey is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.

WISeKey’s work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey’s post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Press and Investor Contacts

Substantial R&D investments aimed at securing a competitive edge in the fast-approaching era of post-quantum computing

Schedules Conference Call and Webcast for Wednesday, October 2 at 10:00 am ET (4:00 pm CET)

Geneva, Switzerland – September 30, 2024: – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity and Internet of Things (IoT) innovations operating as a holding company, today announces its unaudited financial results for the six-month period ending June 30, 2024 (H1 2024).

H1 2024 FINANCIAL AND OPERATIONAL HIGHLIGHTS

WISeKey’s performance in the first half of 2024 underscores the company’s resilience and strategic adaptability amidst rapid technological advancements.

• $5.2 million H1 2024 revenue, reflecting the expected slowdown in traditional semiconductor demand, with 2024 being a transitional year.
• $26.3 million cash balance (as of June 30, 2024).
• $2.9 million Investments in R&D for the development of new projects and technologies, including SEALSQ’s post-quantum chip, SEALCoin, and our WISeSat satellites and next generations. This investment is essential to support our growth in future years.

During H1 2024, the Company’s substantial research & development investments, aimed at securing a competitive edge in the fast-approaching era of post-quantum computing and secure IoT transactions. With continued investments in quantum technology, satellite communications, and secure digital transactions, WISeKey is solidifying its position at the forefront of the Fourth Industrial Revolution.

MOVING FORWARD

Outlook for Full Year 2024

For the remainder of 2024, WISeKey management anticipates improved performance as compared to H1 2024, subject to the materialization timing of previously announced project and transitioning demand for next-generation semiconductor products.

WISeKey’s strong pipeline of current and new business opportunities valued at over $71 million as of September 20, 2024 is driven by the launch of the next generation of semiconductors, which the Group expects to release in 2025, the development of WISeSat.Space’s satellite-based security solutions following the launch of its new picosatellite in the first quarter of 2025, and the introduction of SEALCOIN’s machine-to-machine (M2M) transactional IoT services (t-IoT).

Growth Strategy

WISeKey is gearing up for growth, fueled by:

• The full-scale production of next-generation post-quantum semiconductors, with initial pilot programs expected to begin by late 2024.
• Further investments in space satellite technology, with a focus on expanding WISeSat.Space’s market share in the satellite communications sector.
• The launch of SEALCOIN, expected to drive significant growth in the t-IoT and M2M transaction space.
• A potential public listing of additional subsidiaries, as WISeKey continues to mature its diverse portfolio in blockchain, cybersecurity, and IoT.

STRATEGIC INITIATIVES BY SUBSIDIARY

WISeKey is proactively taking steps at each of its subsidiaries to strengthen its revenue streams and enhance profitability.

SEALSQ

Expansion of Semiconductor Production

SEALSQ Corp. (“SEALSQ”) (NASDAQ: LAES) secured $20 million in additional financing during H1 2024 to expand its production facilities. The funds are earmarked for the development of post-quantum semiconductors, which are increasingly critical as quantum computing poses challenges to traditional encryption systems.

As a results, SEALSQ invested $2.4 million in research and development initiatives, expanded its US-based sales team, made significant progress towards the establishment of several OSAT cybersecurity chip design and customization centers, secured global partnerships, and made advancements in the development of post-quantum chips. Representative of this progress, SEALSQ is now preparing to release engineering samples of its QS7001 Quantum-Resistant Secure Chips before the end of the year.

New Distribution Agreements and Partnerships

WISeKey, via SEALSQ has signed strategic agreements with global distributors to expand the reach of its semiconductor and cybersecurity products, notably in Asia, Europe, and North America with both with existing clients in the healthcare industry in the US and new customers in Asia (D-Link, HOSIDEN) and Europe (In Lite), mostly around smart home applications.

Expectations are supported by several key growth factors including the expansion of Matter certification, global adoption of new IoT security standards such as the US Cyber Trust Mark or the EU Cyber Resilience Act, and SEALSQ’s strong value proposition on the PKI market for both IoT device makers segment and GSMA eUICC manufacturers and service providers. This has been reflected by significant new agreements signed in H1 2024,

WISeSat.Space

Developments & Key Initiatives

WISeSat.Space is leading the way in utilizing low-orbit and picosatellites for secure IoT connectivity and climate change monitoring. The Company is working on a variety of announced projects at the WISeSat.Space level, expected to materialize in H2 2024 and beyond, including:

• Launch of a constellation of 88 low-orbit satellites by the end of 2027. To date, the company has successfully launched 17 low-orbit satellites in collaboration with FOSSA Systems, primarily through SpaceX’s Transporter Rideshare missions. These satellites will incorporate SEALSQ semiconductor technology and WISeKey cryptographic keys, ensuring secure space-based communication.
• WISeSat.Space is also utilizing picosatellites and low-power sensors to offer a cost-effective IoT connectivity solution. These picosatellites are smaller and more affordable than traditional satellites, making secure IoT connectivity accessible to a wider range of businesses.
• The launch of a new generation of satellites from California with SpaceX (currently scheduled for early 2025), will enhance global IoT connectivity and environmental monitoring, with improved performance in areas such as climate change detection, disaster management, and smart agriculture.
• The installation of a satellite antenna in Switzerland, enabling more efficient monitoring and management of the satellite constellation. This infrastructure will ensure optimal performance for IoT connectivity solutions, highlighting WISeSat.Space’s commitment to secure satellite operations.
• The development of a European-based, neutral satellite constellation, aimed at ensuring data sovereignty and enhancing international cooperation. This constellation is crucial for reducing dependence on non-European entities and fostering technological independence.
• Collaboration with the Swiss Army to leverage WISeSat.Space’s secure IoT connectivity solutions for defense and national security purposes, including enhancing logistics, situational awareness, and disaster response capabilities.

WISe.ART

Launch of WISe.ART 2.0 Platform

WISeKey is also deepening its presence in the NFT and digital assets space with the launch of the WISe.ART 2.0 platform, a highly secure environment for trading NFTs and conducting authenticated online transactions. This platform integrates blockchain and cybersecurity technology, positioning WISeKey to capture a growing share of the NFT market and drive new revenue streams.

Strategic Investment from The Hashgraph Association

WISe.ART successfully concluded a strategic investment round with The Hashgraph Association (THA), a Swiss non-profit organization focused on promoting the global adoption of the Hedera network. This partnership is expected to significantly bolster WISe.ART’s growth by leveraging Hedera’s decentralized, sustainable public ledger.

SEALCOIN AG

$50 Million Investment Commitment

WISeKey has secured a $50 million token investment commitment from GEM Digital Limited to support its SEALCOIN project housed at SEALCOIN AG. By enabling machine-to-machine (M2M) transactions without human intervention, SEALCOIN is poised to become a key player in the Transactional IoT (t-IoT) ecosystem.

In addition to financial backing, The Hashgraph Group (THG) has entered into an agreement with WISeKey to provide engineering expertise and strategic guidance in the Web3 economy, further enhancing SEALCOIN’s capabilities.

A Proof of Concept for SEALCOIN is already available for at https://youtu.be/daOvoOxqGvQ.

WISeID

Expansion of Post-Quantum and IoT Solutions

WISeKey’s INeS Platform, offering “PKI as a Service,” is gaining significant traction. The platform allows companies to manage Device Attestation Certificates (DACs) without the need for costly infrastructure investments. With pre-provisioning of FIPS-certified secure elements, WISeKey supports the rapid market entry of smart home products under the Matter Protocol, a key standard for IoT device security.

CONFERENCE CALL

The Company will host a conference call to review its results on Wednesday, October 2, 2024, at 10:00 am ET (4:00 pm CET). To join, please use the following dial-in numbers:

• Toll-Free Dial-In Number: 877-445-9755
• International Dial-In Number: 201-493-6744

The webcast of the call can be accessed through the Investor Relations section of WISeKey’s website at www.wisekey.com. An archived version of the call will also be made available.

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

ADDITIONAL FINANCIAL & OPERATIONAL DATA

Consolidated Statements of Comprehensive Income/(Loss) [as reported]

The notes are an integral part of our consolidated financial statements.

Consolidated Balance Sheets [as reported]

The notes are an integral part of our consolidated financial statements.

Disclaimer
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Press and Investor Contacts

Zug, Switzerland, August 13, 2024 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company operating as a holding company, today announced that SEALCOIN AG has secured a $50 million token investment commitment from GEM Digital Limited. SEALCOIN AG has been established by WISeKey to serve as a Special Purpose Vehicle (“SPV”) to house its decentralized technology project, SEALCOIN. This significant financial commitment by GEM will be utilized to develop DePIN, leveraging the Hedera DLT ledger and its smart contracts.

Carlos Moreira, CEO of WISeKey, commented, “The investment commitment through a Token Subscription Agreement from GEM not only reflects our shared values but also represents a significant milestone in advancing SEALCOIN’s vision. The $50 million investment commitment from GEM Digital Limited will be pivotal in accelerating the development of SEALCOIN’s DePIN. The funds provided by GEM will be directed towards enhancing the platform’s capabilities, ensuring scalable, efficient, and robust IoT transaction solutions and promote the use of SEALCOIN as Machine-to-Machine token worldwide.”

Additionally, THG, a leader in the design, development, and deployment of Hedera-powered DLT solutions on the Hedera network, has signed an agreement with WISeKey to provide initial investment into SEALCOIN AG, engineering and technical expertise, and strategic guidance in the Web3 economy. THG, a Swiss-based digital innovation and venture building company mandated by The Hashgraph Association (THA) for the delivery and operation of strategic Hedera-enablement programs, is specialized in the digital empowerment of startups, enterprises, and government institutions through its proven innovation and venture building programs, leveraging the Hedera network. The SEALCOIN project aims to revolutionize the Internet of Things (IoT) using Hedera’s decentralized ledger technology (DLT) by enabling autonomous transactions and service exchanges among IoT devices through its utility token, SEALCOIN.

The platform addresses the growing need for efficient and trustworthy transactions in the IoT sector, particularly in Transactional IoT (t-IoT), by leveraging Hedera’s DLT ledger, Hedera Smart Contract Service (HSCS), Hedera Token Service (HTS), and the Hedera Consensus Service (HCS). This creates a DePIN that allows IoT devices to autonomously negotiate, execute, and settle transactions without human intervention or intermediaries, enhancing efficiency, security, and reliability.

THG’s investment will enhance SEALCOIN AG’s ability to develop scalable and robust IoT transaction solutions on Hedera. The support includes not only financial backing but also technical engineering expertise, token economics, and strategic guidance in Web3.

GEM Digital Limited, a digital asset investment firm based in The Bahamas, actively sources, structures, globally, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally. GEM is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas.

SEALCOIN AG is at the forefront of revolutionizing the IoT landscape. Through the strategic investments from THG and GEM Digital, SEALCOIN is set to transform IoT with its state-of-the-art DePIN services platform, designed to enable autonomous transactions and service-for-payment exchanges among IoT devices.

THE SEALCOIN Project – Leveraging Blockchain and DLT for IoT

The SEALCOIN project harnesses the power of Blockchain and Decentralized Ledger Technology (DLT) to facilitate seamless and secure interactions between devices. Utilizing the Hedera DLT ledger and its smart contracts, SEALCOIN delivers a decentralized infrastructure that empowers IoT devices to autonomously negotiate, execute, and settle transactions. This innovative approach eliminates the need for human intervention or unnecessary intermediaries, enhancing the efficiency, security, and reliability of IoT interactions.

The SEALCOIN platform is currently in development and expected to go live in Q4 this year. WISekey is currently in the process of finalizing the regulatory requirements to be able to issue the token to clients and investors using this technology. A Proof of Concept for the use of SEALCOIN on a t-IoT has already been developed and is available for general review on this link https://youtu.be/daOvoOxqGvQ.

Transformative Use Cases of SEALCOIN

1. Smart Home Automation: SEALCOIN enables smart devices to autonomously handle transactions for energy consumption, maintenance, and subscription services, elevating the concept of a self-sufficient smart home.
2. Supply Chain Management: SEALCOIN facilitates automated transactions and seamless data exchanges between sensors, trackers, and management systems, enhancing efficiency and transparency in logistics.
3. Autonomous Vehicles: SEALCOIN manages micro-transactions for tolls, parking, charging stations, and data exchanges with traffic management systems, pioneering a new era in autonomous transportation.
4. Smart Cities: SEALCOIN enables M2M transactions for public transportation, environmental monitoring, and resource management, enhancing urban operations and sustainable city living.
5. Healthcare Devices: Wearables and implantable devices can utilize SEALCOIN for secure data transfer and automated payments for diagnostic or monitoring services, ensuring a seamless healthcare experience.
6. Energy Trading: SEALCOIN empowers devices like solar panels and batteries to autonomously trade excess energy, optimizing resource distribution and promoting sustainability.
7. Industrial IoT: SEALCOIN automates transactions between machines, sensors, and systems, reducing operational costs and boosting efficiency in industrial automation.
8. Retail and Consumer Services: Smart vending machines and automated stores can leverage SEALCOIN for effortless payments and efficient inventory management, revolutionizing the consumer experience.
9. Agricultural Technology: SEALCOIN enhances farm management by enabling IoT devices to engage in data exchange and service payments, driving agricultural innovation.
10. Peer-to-Peer Transactions: SEALCOIN facilitates direct M2M transactions in a decentralized manner, leading to a more distributed and resilient economy.

SEALCOIN, backed by the technological prowess of WISeKey, is not just a token; it’s a visionary leap towards a more efficient, secure, and interconnected world. Its potential applications across various sectors underscore its capacity to revolutionize M2M transactions. As we embrace this new era, SEALCOIN envisions a future where machines seamlessly and securely interact, creating a tapestry of technological synergy that could redefine the fabric of our daily lives.

For more information, visit www.sealcoin.ai.

About GEM Digital Limited

GEM Digital Limited is a digital asset investment firm. Based in The Bahamas, the firm actively sources, structures, and invests in utility tokens listed on over 30 CEXs and DEXs globally.

Global Emerging Markets (“GEM”) is a $3.4 billion alternative investment group with offices in Paris, New York, and Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 580 transactions in 72 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments.

About The Hashgraph Group

The Hashgraph Group is a professional innovation and venture building organization that is focused on the enablement of entrepreneurs, enterprises, and government institutions around the globe through the development of enterprise-grade solutions and decentralized applications on Hedera network. Headquartered in Switzerland, The Hashgraph Group is mandated by The Hashgraph Association as the service delivery organization for a range of strategic Hedera-enablement programs focused on empowering a digital future for all and achieving broad adoption of Hedera globally. For further information, visit us under www.hashgraph-association.com.

About SEALCOIN AG

SEALCOIN AG, a Swiss-based DePIN (Decentralized Physical Internet Network) entity, is transforming the Internet of Things (IoT) landscape with its SEALCOIN Project. Supported by strategic investment from The Hashgraph Association, a leader in digital enablement through the Hedera network, SEALCOIN AG is set to revolutionize IoT.

The SEALCOIN Project leverages Hedera’s decentralized ledger technology (DLT) to create a cutting-edge platform for autonomous transactions and service-for-payment exchanges among IoT devices. Central to this project is the SEALCOIN utility token, facilitating secure and seamless interactions between devices and participants.

Addressing the growing need for efficient and trustworthy IoT transactions, particularly in Transactional IoT (t-IoT), the SEALCOIN platform utilizes Hedera’s DLT, Smart Contract Service (HSCS), Token Service (HTS), and Consensus Service (HCS). This infrastructure empowers IoT devices to autonomously negotiate, execute, and settle transactions, eliminating the need for human intervention or intermediaries, thereby enhancing efficiency, security, and reliability.

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Forward-Looking Statements
Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Appoints John O’Hara as its New Chief Financial Officer

Geneva, Switzerland – June 14, 2024 – Ad-Hoc announcement pursuant to Art. 53 SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT), today announced the retirement of Peter Ward as its Chief Financial Officer, effective June 30, 2024. The Company appoints John O’Hara as its new Chief Financial Officer, effective July 1, 2024.

Following his retirement, Mr. Ward will remain a member of the Board of Directors of WISeKey. Mr. Ward joined the Company in 2008 and has served as its Chief Financial Officer since 2015.

Mr. O’Hara, who currently serves as the CFO of SEALSQ Corp. (“SEALSQ”, NASDAQ: LAES), a subsidiary of the Company, has been part of the WISeKey team since 2018, serving as International Financial Controller. During his tenure, he successfully spearheaded the spin-off and subsequent listing of SEALSQ on the Nasdaq Stock Exchange.

Mr. O’Hara has an extensive expertise in US GAAP, IFRS, and Swiss GAAP, underpinned by two decades of experience with multinational enterprises, listed companies, partnerships, and NGOs. He is a distinguished finance professional known for his proficiency in Financial Control, Compliance, and Risk Management within the Professional Services and Cybersecurity industries. His career is marked by a proven track record of exceptional leadership and management across various sectors.

Prior to joining WISeKey, Mr. O’Hara served as the Global Financial Controller for Jesuit Worldwide Learning and as Finance Director at Deloitte, where he led the strategic and operational finance functions of the Tax Service Line. Earlier in his career, at Marsh & McLennan Companies, he managed finance teams of over seventy individuals, driving the finance transformation agenda for the UK Controllership function and enhancing financial controls across multiple regions.

Carlos Moreira, CEO of WISeKey, commented, “As we celebrate a significant chapter in WISeKey’s journey, I want to extend my heartfelt gratitude to Peter as he retires after almost two decades of exceptional service. Peter’s leadership and financial stewardship have been instrumental in guiding our company through many milestones. Peter’s involvement has been crucial during our long journey, from our pioneering steps in deploying digital identity ecosystems, to the groundbreaking launch of the first digital certification of a luxury watch, then the integration of blockchain and AI into our security solutions, to a global leader in cybersecurity, digital identity, and IoT… through the successful completion of acquisitions and financings. As we continue to explore new frontiers, including the exciting developments in the Space IoT era and digital art tokenization, his contributions have laid a solid foundation for future successes.”

Mr. Moreira added, “Peter’s expertise was also vital during the significant milestones of listing WISeKey on both the Swiss SIX exchange and Nasdaq, achievements that have greatly enhanced our global visibility. I thank Peter for his tireless dedication and for being an integral part of WISeKey’s legacy and future. We wish him the very best in retirement.”

Mr. Moreira remarked, “John’s extensive experience in implementing robust financial policies and procedures significantly improved business performance at WISeKey over the years. His ability to identify and implement numerous cost-saving initiatives is expected to usher in a new era of financial excellence for WISeKey. I look forward to continuing our collaboration to foster growth and sustainability.”

About WISeKEY:

WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people.

For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Press and Investor Contacts:

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Key items that the Board of Directors recommends shareholders to approve are:

• The reduction of the registered share capital of the Company by CHF 8,461,555.20 from CHF 8,814,120 to CHF 352,564.80, by reducing the nominal value of each Class B share from CHF 2.50 to CHF 0.10 and each Class A share from CHF 0.25 to CHF 0.01, and the allocation of the total reduction amount of CHF 8,461,555.20 to the Company’s statutory capital reserves from capital contribution. The Company’s current equity will not be reduced and there will be no distribution to shareholders;
• If the reduction of the registered share capital is approved, the re-affirmation of the Company’s capital band;
• The re-election of Carlos Moreira, Peter Ward, David Fergusson, Jean-Philippe Ladisa, María Pía Aqueveque Jabbaz as members of the Board and the election of Philippe Doubre, Philippe Monnier, and John O’Hara as new members of the Board, each for a term extending until completion of the 2025 AGM;
• The re-election of Carlos Moreira as Chairman of the Board for a term extending until completion of the 2025 AGM, and the re-election of David Fergusson, and the election of Philippe Doubre and Jean-Philippe Ladisa, as members of the Board’s Nomination & Compensation Committee, each for a term extending until completion of the 2025 AGM;

• The maximum aggregate amount of compensation of (i) the Board for the period between the 2024 AGM and the 2025 AGM and (ii) the company’s executive management for financial year 2024 pursuant to Swiss law and the Company’s articles of association;
• The 2023 compensation report (advisory vote);
• The discharge of the members of the Board and executive management from liability for activities during fiscal year 2023;
• The 2023 Annual Report, including the 2023 Consolidated Audited Financial Statement;

The 2024 AGM will be held at 2:00 p.m. CEST on Thursday, 27 June 2024 at the offices of Homburger AG, Prime Tower, Hardstrasse 201, 8005 Zurich, Switzerland. It will be possible for shareholders to attend the AGM in person at the venue. Shareholders may also exercise their voting rights by giving electronic or written voting instructions to the independent voting rights representative, as further described in the Company’s invitation to the 2024 AGM published on the date of this press release, or by giving proxy to a representative.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.
Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Zug, Switzerland – May 15, 2024 – – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd (“WISeKey”) (NASDAQ: WKEY; SIX: WIHN), a leading global cybersecurity, Semiconductors and Web 3.0 company, today announced its audited financial results for the full year ended December 31, 2023 (“FY 2023”).

FY 2023 Key Financial Highlights:

• Revenue of $31 million represents a significant increase of 30% compared to the $24 million reported in FY 2022. This significant growth reflects the Company’s successful expansion in its key markets and the underlying demand for its advanced cybersecurity solutions.
• Gross profit of $15 million with a profit margin of 48%, shows an improvement of $5 million from the $10 million reported in FY 2022. This growth is directly attributable to higher revenue and enhanced operational efficiencies.
• Net loss of $15 million, a substantial improvement compared to the $29 million net loss reported in the prior year. This positive change is primarily due to the disposal of the loss-making subsidiary, arago GmbH, completed in 2022, alongside strategic cost management initiatives.
• Balance sheet remains robust with total assets of $48 million and a healthy cash position of $15 million, indicating strong financial stability and the capability to fund future growth initiatives.

Carlos Moreira, Chairman and CEO of WISeKey, stated, “Our solid results in 2023 are a demonstration of our sound business strategy, growth initiatives and strategic investments we made during the year. Our focus remains on fully aligning these investments with future growth opportunities. Our innovations are central to the increasingly connected ecosystem and will play a critical role as our customers adopt IoT, Post-Quantum, and Web 3.0 technologies to secure their assets.”

Peter Ward, CFO of WISeKey, added, “Focused execution and operating discipline were key drivers of our strong results in 2023. We are making significant progress in transitioning our business model towards more recurring revenue while maintaining our commitment to financial discipline, operational leverage, and shareholder returns.”

Strategic and Operational Highlights:
Since 2020, WISeKey has operated as a diversified holding company and now counts four principal operational divisions: SEALSQ Corp (Nasdaq: LAES), WISeKey SA, WISeSat.Space, and WISe.ART. Each division is dedicated to a unique aspect of WISeKey’s expansive technology portfolio.

SEALSQ Corp:
Listed on the Nasdaq in May 2023, SEALSQ completed an initial $10 million private placement in 2023 and subsequently raised another$20 million in a private placement during Q1 2024. The funds are allocated for enhancing our SEALSQ R&D in developing a new wave of quantum-ready semiconductors together with the establishment of an Open Semiconductors Assembly and Test (“OSAT”) Center that would provide testing services such as the wafer test and final test, in addition to assembly services such as QFN, BGA, WLCSP, and more. This strategic move is poised to bolster WISeKey’s position in the burgeoning post-quantum cryptography market, addressing the increasing threats posed by quantum computing to existing encryption models.

WISeKey SA:
WISeKey SA, through its WISeID platform, is at the forefront of digital communications protection. The company specializes in providing advanced security solutions that are essential for safeguarding digital interactions. At the core of WISeKey’s offerings are cryptographic root keys, which are foundational elements in ensuring secure communications. Additionally, WISeKey excels in Public Key Infrastructure (PKI) management, a critical aspect of establishing and maintaining secure networks and transactions. The company’s expertise also extends to the generation and management of trusted digital identities, enabling secure access and authentication in various digital environments. Through these comprehensive security measures, WISeKey plays a pivotal role in protecting digital communications against potential threats and breaches.

WISeSat.Space:
Emphasizing cost-effective satellite deployment through picosatellites, WISeSat.Space is positioned for growth in sectors such as agriculture, logistics, and environmental monitoring. The subsidiary’s innovative approach to satellite technology is designed to meet the growing demand for satellite services, providing reliable and scalable solutions to a variety of industries. WISeKey is expanding its cooperation with the Swiss Armed Forces in the field of space travel and it plans on launching a communications satellite into space with SpaceX in 2024.

WISe.ART:
WISe.ART is advancing in the NFT space and recently announced a partnership with Hedera. This strategic investment underscores the transformative potential of blockchain technology in shaping the next generation of the internet. In 2023, WISe.ART reached new heights with new partnerships and several major charity events, doubling its community of participating artists from around the world with over 2,000 works uploaded on the platform 50% of which are digital artworks with an even balance of phygital packages (blending digital and physical experiences) averaging a total value of artwork of over $30 million.

Moving Forward
Each of these divisions contributes uniquely to our diverse technology portfolio, which positions us at the forefront of innovation and industry leadership, and we are particularly encouraged by the pipeline of opportunities emerging for IoT semiconductors products, totaling over $60 million. This underscores the growing demand for our solutions and the promising trajectory of our business.

Our diversified growth strategy is yielding tangible results, with accelerated progress in sectors such as semiconductors, cybersecurity, and emerging ventures. Projects like the innovative Smart Container initiative and investments in WISeSat.Space and blockchain tokenization for the WISe.ART Digital Platform are emblematic of our forward-thinking approach and commitment to driving value for our stakeholders.

We are witnessing a strong and consistent customer demand for our cybersecurity, semiconductor products, including the CyberTrust Mark and Matter-related offerings, along with a growing market share.

While 2024 may entail a temporary slowdown in growth due to market shifts, we are poised to introduce new revenue streams and capitalize on emerging opportunities. 

In 2024, we anticipate generating revenue from innovative initiatives such as Low Orbit satellite projects, cybersecurity and IoT Semiconductors personalization centers, and the maturation of the WISe.ART platform. These endeavors underscore our commitment to driving innovation, enhancing our service offerings, and meeting the evolving needs of our clients.

We anticipate additional revenue streams to emerge from the semiconductor personalization centers. Currently, we are in the process of establishing centers in Spain and the United States, where two highly advanced projects are underway, with government financing earmarked for allocation. These centers will not only decentralize our semiconductor capabilities but also enable us to serve a broader spectrum of clients previously inaccessible within our existing centralized structure.

While the activities of WISeKey may appear disparate at first glance, when you consider the combination of our security, space, satellite, blockchain, and IoT activities, it becomes evident that they are intricately interconnected. Each facet reinforces the others, culminating in the formation of a robust Web 3.0 platform that leverages synergies across diverse domains.

Furthermore, our sustained investments in research and development, particularly in post-quantum resistant technology, are poised to yield substantial returns in the coming years. This advancement is pivotal in maintaining our leadership position and delivering secure, cutting-edge solutions in an increasingly digital landscape.

Conference Call

The company will host a conference call to review its results on Tuesday, May 21, at 10:00 am ET (4:00 pm CET). If you wish to join the conference call, please use the dial-in information below:

• Toll-Free Dial-In Number: 877-445-9755
• International Dial-In Number: 201-493-6744

A simultaneous webcast of the call may be accessed online via the Investor Relations section of the company’s website, https://www.wisekey.com/company/investors/.

The archived call will also be available on the Investor Relations section of the company’s website.

Of note, the Company has filed its Form 20-F with the Securities and Exchange Commission (available here).  Additionally, the Form 20-F is available on the company’s website, under the Investor Relations section https://www.wisekey.com/company/investors/.  Upon request, shareholders can also obtain hard copies of the Form 20-F, free of charge.

ADDITIONAL FINANCIAL & OPERATIONAL DATA

Consolidated Statements of Comprehensive Income/(Loss) [as reported]

The notes are an integral part of our consolidated financial statements.
Consolidated Balance Sheets [as reported]

The notes are an integral part of our consolidated financial statements.

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on selling integrated solutions based on semiconductors, PKI, and Provisioning services, while developing Post-Quantum technology hardware and software products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Press and investor contacts:

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Ad hoc announcement pursuant to Art. 53 of SIX Listing Rules – WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, announced today that on April 29, 2024, SIX Exchange Regulation AG approved an extension of the deadline for the publication of its Annual Report for the fiscal year ended December 31, 2023 (FY 2023) until May 31, 2024.

The Company requested and received an extension based on the following reasons:

• Financial statements for FY 2023 were particularly complex to prepare due to several factors including, but not limited to, the partial spin-off of SEALSQ Corp (Nasdaq: LAES) carried out in 2023 and the dependency of the Company on the completion of the audit of the SEALSQ Corp financial statements.
• The letter received from the SIX Exchange Regulation AG required management attention in order to respond to a preliminary inquiry about certain accounting treatments in relation to its Annual Report for FY 2022. The preliminary inquiry has only recently been closed without giving rise to a formal investigation, and management and the Company’s auditors are now able to finalize FY 2023 financials.
• The SIX Exchange Regulation AG preliminary inquiry also required the Company’s auditors to perform additional procedures and reviews to address the comments and formally document their position before releasing their opinion on the Company’s FY 2023 financial statements. Auditors confirmed to the Company that this could not be completed by April 30, 2024.

In its decision, SIX Exchange Regulation AG requested that WISeKey publishes certain unaudited financial metrics for FY 2023. These unaudited financial metrics are as follows:

• Revenue for the year ended December 31, 2023 reached $31 million, representing an increase of 30% from FY 2022.
• Gross profit of $15 million (profit margin reached 48%) showed an improvement of $5 million as compared to $10 million of gross profit reported for FY 2022, which is directly attributable to the revenue growth.
• The expected unaudited net loss of $15 million for FY 2023 compares positively to the net loss of $29 million reported in the prior year. The main factor behind this improvement is the disposal of loss-making subsidiary, arago GmbH, which was completed in 2022.
• WISeKey’s balance sheet total remains stable at $48 million displaying a healthy cash position of $13 million.

Carlos Moreira, Chief Executive Officer of WISeKey, noted, “While the reasons behind this delay included certain factors that were outside of our control, our team is diligently working with auditors to complete the auditing of our FY 2023 financial results. We remain committed to maintaining the highest standards of transparency and accuracy in our financial reporting.”

In its decision of April 29, 2024, SIX Exchange Regulation AG requested WISeKey to include the following excerpt in this ad hoc announcement:

“I.         The exemption request of WISeKey International Holding AG (Issuer) dated 26 April 2024 regarding an extension of the deadline to publish its 2023 annual report and to file such report with SIX Exchange Regulation AG until 31 May 2024 at the latest is granted with the following reservation (lit. a) and under the following conditions (lit. b):

1. SIX Exchange Regulation AG reserves the right to suspend trading of the registered shares of the Issuer in case its 2023 annual report is not published in accordance with the provisions on ad hoc publicity (Art. 53 of the Listing Rules [LR] in connection with the Directive on Ad hoc Publicity [DAH]) and not filed with SIX Exchange Regulation AG until Friday, 31 May 2024, 11.59 pm CET, at the latest.
2. WISeKey is required to publish a notice in accordance with the provisions on ad hoc publicity (Art. 53 LR in connection with the DAH) concerning this decision until Tuesday, 30 April 2024, 7.30 am CET, at the latest. The notice must contain:
   • the unaltered reproduction of the wording of para. I. of this decision, placed in a prominent position;
   • the reasons for the application of the Issuer requesting an extension of the deadline to publish its 2023 annual report and to file such report with SIX Exchange Regulation AG;
   • the unaudited key figures such as net revenues, EBITDA, EBIT, profit/loss, balance sheet total, equity etc. for the annual results 2023.”

In addition, the Company announced that it has filed a Form 12b-25, Notification of Late Filing, with the U.S. Securities and Exchange Commission (“SEC”) related to the Company’s Annual Report on Form 20-F for FY 2023. The Company is working diligently to finalize its financial statements and intends to file its Annual Report on Form 20-F as soon as practicable; May 15, 2024 marks the end of the 15-day extension period.

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on selling integrated solutions based on semiconductors, PKI, and Provisioning services, while developing Post-Quantum technology hardware and software products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Press and investor contacts:

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

Zug, Switzerland – November 15, 2023 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules– WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, today updated its full year (“FY”) 2023 revenue guidance to over $30 million, which represents an increase by over 25% compared to revenue reported for FY 2022.

For the nine-month period ended September 30, 2023, WISeKey’s total unaudited revenue was $22.6 million, marking a 21% increase from the nine-month period ended September 30, 2022. Of note, the semiconductor segment revenue saw a 20% increase to $22.1 million from $18.4 million in the nine-month period ended September 30, 2022.

WISeKey operates as a holding company with four subsidiaries: SEALSQ Corp (“SEALSQ”) (Nasdaq: LAES), WISeKey SA, WISeSat.Space, and WISe.ART, each dedicated to a unique aspect of its expansive technology portfolio, is also reporting a pipeline of opportunities for IoT semiconductors products totaling $60 million.

WISeKey’s diversified growth strategy is beginning to bear fruit, as evident from the accelerated progress at its semiconductors and cybersecurity sectors now delivering supply chain logistics projects, such as the innovative Smart Container initiative, and the increased level of investments and demand for WISeSat.Space related services and blockchain tokenization for the WISe.ART Digital Platform. While cybersecurity and semiconductors remain WISeKey’s primary revenue sources, these new ventures are demonstrating significant potential.

Carlos Moreira, CEO of WISeKey, discussing this revenue evolution, stated, “We are witnessing a strong and consistent customer demand for our cybersecurity, semiconductor products and Matter-related offerings, along with a growing market share. Our innovation efforts are especially noteworthy in areas like integrating semiconductors with post-quantum technologies, artificial intelligence, security, and cloud services. This progress strengthens our belief in our ability to capitalize on the numerous opportunities that lie ahead.”

Looking forward, Mr. Moreira added, “While 2024 is projected to be a year of transition for the WISeKey group, marked by a temporary slowdown in growth due to market shifts toward emerging new semiconductors at SEALSQ level, we are slowly but surely introducing new revenue sources from other verticals. In 2025-2026, we expect to see full production recovery and revenue surge in semiconductors, in additional to meaningful revenues to be generated from new verticals.”

Mr. Moreira continued, “Specifically, in 2024, we are strategically positioned to start generating revenue from our innovative Low Orbit satellite initiatives, notably in projects like Smart Container and Supply Chain supervised by satellite connections. Additionally, we are introducing a novel offering that encompasses the establishment of dedicated centers for cybersecurity and IoT Semiconductors personalization. This is a significant step in enhancing our service portfolio and meeting the evolving needs of our clients. Moreover, 2024 is set to be a pivotal year for our WISe.ART platform, as it is expected to reach full maturity and begin generating substantial transactional revenue. This growth will be driven by the rich collection of digital art already hosted on the platform, which we anticipate will attract significant interest and engagement from the digital art community. Looking further ahead, our sustained investments in the research and development of post-quantum resistant technology are projected to yield considerable returns starting from 2025/2026. This advancement is crucial in keeping pace with the rapidly changing technological landscape and maintaining our leadership in providing cutting-edge, secure solutions in an increasingly digital world.”

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat.Space AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Press and investor contacts:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com

WISeKey Investor Relations (US)
The Equity Group Inc.
Contact: Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +1 212 836-9612 / kmurphy@equityny.com

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

GENEVA – October 18, 2023: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, today announced that its Semiconductors & PKI subsidiary SEALSQ Corp. (“SEALSQ”) (NASDAQ: LAES) was selected by Aesopower, a leading wireless connectivity solution provider, to supply its secure element ValutIC408 into their street lighting controller with cryptographic technology that can safeguard the device against the most sophisticated cyberattacks. 

The VaultIC408 is a tamper resistant secure microcontroller with embedded firmware designed for strong device authentication and secure communication. The targeted markets are smart city applications (such as smart hubs, smart metering, smart street lighting), industrial equipment, medical equipment and smart appliances. VaultIC408 is a hardware secure element that can be used in various applications such as IP protection, access control, IoT or hardware protection.

“Smart infrastructure vendors face many security challenges when deploying connected street lighting systems including device identity, tamper resistant storage, and secure communication,” said David Khalifa, VP of Global Sales for WISeKey. “Through this partnership, WISeKey is making the SEALSQ VaultIC408 high-performance, tamperproof vault and crypto processor, a cybersecurity industry-leading technology, available to Aesopower.”

Aesopower’s VP Austin Kuo said, “We are pleased to collaborate with SEALSQ in offering complete secure solutions for smart street lighting controller targeting particularly the smart city. This partnership enables us to bring the latest advancements in technology to our customers. We look forward to a successful collaboration with SEALSQ.”

About Aesopower
AESOPOWER is ODM/OEM product design and manufacturing wireless products, and now, with a new look, it has entered the field of smart city and led the revolution of smart street lights. We offer a complete range of NEMA street light IoT products, with a particular focus on Bluetooth, WiFi and NBIoT wireless device design, as well as cloud management platform services.

Now, AESOPOWER makes cities smarter and greener, through AESOPOWER’s smart street light system, not only brings bright lighting to smart cities, but also has LPWAN’s advanced NBIoT IoT technology and FIPS standard to achieve safer, more efficient and more energy-saving street lighting system. Whether it’s Bluetooth, NBIoT or WiFi, wireless devices enable remote monitoring and intelligent adjustment to ensure that city street lighting systems are always in top condition.

In addition, the AESOPOWER cloud management platform provides cities with a powerful tool to easily manage and monitor the entire street light network. Energy consumption can be tracked in real time, cost savings can be saved, and the operation of street lights can be optimized to ensure sustainable urban development.

AESOPOWER is committed to providing smarter and more efficient street lighting solutions for smart cities, and the city becomes a true smart city. We look forward to working with you to create a better future. For more information, please visit https://www.aesopower.com/

About SEALSQ
SEALSQ (Nasdaq: LAES) is a subsidiary of the WISeKey Group that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products. Our Post-Quantum solutions include Post-Quantum microchips and devices that can be used in a variety of applications, from Multi-Factor Authentication devices, Home Automation, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks. For more information, visit https://www.sealsq.com/

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

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Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

WISeKey Charts Path for Revenue Expansion Beyond Cybersecurity and Semiconductors.

ZUG, Switzerland – October 17 , 2023 – Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules– WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions operating as a holding company, today announced nine month 2023 unaudited revenue of $22.6 million, for the period ended September 30, 2023, a 21% increase from the nine month period ended September 30, 2022. The company also ended the period with a strong cash position of $17 million.

“We continue to achieve robust revenue performance in an ever-evolving market,” stated Carlos Moreira, CEO of WISeKey. “In just the first three quarters of the year, we have hit record-breaking revenue, boasting double-digit growth in both, our cybersecurity and semiconductor divisions. As we witness a scaling acceleration in pivotal technologies such as post-quantum computing, cloud infrastructure, AI, and security protocols, WISeKey’s deep-rooted expertise in networking, complemented by the extensive scope of our portfolio, primes us for future opportunities and successes.”

Peter Ward, CFO of WISeKey, highlighted the company’s financial health, noting, “Through disciplined operations and strategic execution, in the first nine months of 2023, we have seen significant revenue growth alongside margin improvement and solid cash flow generation. We are set to achieve our anticipated full year 2023 revenue increase of over 20% as compared to full year 2022.” This optimistic outlook, backed by tangible fiscal metrics, underscores the company’s resilience and the successful execution of its strategic business plan while navigating a complex business environment.

WISeKey has strategically positioned itself by focusing on the rapidly evolving technology sectors through its three verticals While the group’s main revenue stream presently flows from its cybersecurity and semiconductor operations, particularly through SEALSQ Corp (NASDAQ: LAES) (“SEALSQ”), significant developments indicate emerging financial potential within its other ventures.

• SEALSQ leads the pack as the primary revenue generator for WISeKey, cementing its status with a recent Nasdaq listing and a significant private placement boost aimed at enhancing quantum-ready semiconductor production and deployment of several new next generation products, which are expected to generate additional revenue growth in 2024/25. This pivotal move is designed to meet the surging demand for advanced IoT products and tackle the impending challenges posed by quantum computing, a market poised for exponential growth.

Parallel to this, WISeKey’s nascent ventures, WISeSat.Space and WISe.ART, though still generating low revenue, are fast-tracking their market presence.

• WISeSat.Space is making considerable strides in satellite technology, with 17 WISeSat-ready satellites in orbit and strategic agreements with entities like the Fossa System, Swiss Army, PLD Space, and Smart Containers. These agreements not only underscore the subsidiary’s innovative approach to satellite communication, but forecast new revenue potential beginning next year. By tapping into high-demand sectors like IoT, telecommunications, and navigation systems, WISeSat.Space is set to revolutionize data utility across various industries.
• In the digital art space, WISe.ART is capturing the boom in the Digital Art and Token space. A recent investment nod from Hedera has placed WISe.ART on the fast track to becoming a formidable player in the secure digital transaction realm. This venture represents more than a diversification strategy; it’s a forward-thinking move to seize a significant share of the thriving Digital Art marketplace, offering secure creation, sale, and exchange platforms for artists, collectors, and investors.

WISeKey’s strategic investments and partnerships across its subsidiaries highlight its commitment to innovation and growth. By maintaining a stronghold in cybersecurity and semiconductors with SEALSQ, while nurturing the latent potential of WISeSat.Space and WISe.ART, WISeKey is not just anticipating the future; it’s actively building it. The company’s multifaceted approach balances immediate revenue pursuits with investments in future-centric technologies, setting the stage for a robust financial trajectory in the coming years.

About WISeKey

WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat.Space AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART AG which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Press and Investor Contacts:

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.